Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

Chamber of Commerce Claims Major Losses Due to Education Conflict

According to Concamin, one of Mexico’s largest chambers of commerce, 50 billion pesos ($2.64 billion) of investment has been deferred due to the conflict

Concamin president Manuel Herrera Vega, photo: Cuartoscuro/María José Martínez
By The News Whatsapp Twitter Facebook Share
1 year ago

Business owners organized with the Confederation of Industrial Chambers (Concamin), one of Mexico’s largest chambers of commerce, announced that 50 billion pesos ($2.64 billion) of investment has been deferred due to the conflict between the government and the National Coordinator of Education Workers (CNTE).

In a press conference Wednesday, Concamin president Manuel Herrera Vega expressed concern about uncertainty for new investments.

“According to Concamin’s calculations, more than 10 billion pesos have been lost so far,” he said.

Herrera Vega said that the education conflict will complicate Mexico’s economic growth, and that it is already putting national and foreign investment at risk.

“Already, 20,000 jobs were not created due to the education conflict,” he said. “From now on, we are forced to defer about 50 billion pesos of investment.”

According to Herrera Vega, the lack of investment will prevent another 40,000 jobs from being created.

Herrera Vega expressed his impatience with the roadblocks and other disruptions that have been carried out by the CNTE for two months.

He also said that investors have a right to certainty for new investments.

Herrera Vega said that the sectors that have suffered most due to the education conflict have been the automotive sector, the dairy sector, the cement sector and the electronics sector.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

5 days ago

Asian stocks mixed ahead of Fed rate ann ...

5 days ago

NFL Network suspends analysts over sexua ...

5 days ago

Minnesota announces restrictions on usin ...

5 days ago
Most Popular

IMF Seeks Contingency Plans for Vulnerab ...

By The News

WALMEX Sales Grow 15.6 Percent in Februa ...

By Omar Sánchez

In the Market for a Diamond? Lucky You.

By The News

Brazil's Agnelli, Who Turned Vale Into T ...

By Reuters

Taste for Bacon Spurs Investor Feast as ...

By The News